Charles Schwab Investment Management Inc. Has $12.81 Million Position in QuantumScape Co. (NYSE:QS)

Charles Schwab Investment Management Inc. increased its position in QuantumScape Co. (NYSE:QS) by 4.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,227,072 shares of the company’s stock after buying an additional 93,826 shares during the period. Charles Schwab Investment Management Inc. owned 0.43% of QuantumScape worth $12,806,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of QS. Signaturefd LLC lifted its position in QuantumScape by 79.9% in the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock valued at $28,000 after acquiring an additional 2,148 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of QuantumScape by 475.1% during the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock valued at $29,000 after purchasing an additional 4,228 shares during the last quarter. CWM LLC raised its stake in shares of QuantumScape by 56.0% during the 2nd quarter. CWM LLC now owns 7,124 shares of the company’s stock worth $35,000 after purchasing an additional 2,556 shares during the period. Alaska Wealth Advisors bought a new position in shares of QuantumScape during the 2nd quarter valued at approximately $49,000. Finally, Centaurus Financial Inc. purchased a new position in shares of QuantumScape during the 2nd quarter valued at $52,000. 29.87% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at QuantumScape

In related news, CFO Kevin Hettrich sold 58,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $5.78, for a total transaction of $335,240.00. Following the completion of the transaction, the chief financial officer now directly owns 1,073,022 shares of the company’s stock, valued at approximately $6,202,067.16. This trade represents a 5.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jurgen Leohold sold 17,435 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $6.00, for a total transaction of $104,610.00. Following the transaction, the director now directly owns 194,904 shares of the company’s stock, valued at $1,169,424. This trade represents a 8.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 702,057 shares of company stock valued at $3,982,909 over the last 90 days. 12.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on QS shares. Truist Financial reaffirmed a “hold” rating and issued a $7.00 price target (up from $6.00) on shares of QuantumScape in a report on Friday, October 25th. HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price for the company in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $6.00 target price on shares of QuantumScape in a report on Tuesday, September 10th. Hsbc Global Res upgraded shares of QuantumScape to a “hold” rating in a report on Tuesday, November 19th. Finally, Wolfe Research started coverage on QuantumScape in a report on Thursday, September 5th. They issued an “underperform” rating for the company. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $6.26.

QuantumScape Stock Performance

QS stock opened at $5.00 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. The company has a market cap of $2.56 billion, a P/E ratio of -5.26 and a beta of 4.50. The stock’s fifty day moving average price is $5.27 and its 200-day moving average price is $5.70. QuantumScape Co. has a 1 year low of $4.65 and a 1 year high of $10.03.

QuantumScape (NYSE:QS) last released its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same period last year, the company posted ($0.23) EPS. On average, equities analysts forecast that QuantumScape Co. will post -0.99 earnings per share for the current year.

QuantumScape Company Profile

QuantumScape Corporation, a research and development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.